Platform Delivery - Colombia

Colombia

Highlights

Revenue in the Platform Delivery market in Colombia is projected to reach US$84.32m in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 4.38%, resulting in a projected market volume of US$104.50m by 2029.
By 2029, the number of users in the Platform Delivery market in Colombia is expected to amount to 2.2m users.
The user penetration in this market is projected to be 3.4% in 2024 and is expected to increase to 4.1% by 2029.
The average revenue per user (ARPU) in Colombia is expected to amount to US$47.07.
In global comparison, China is projected to generate the most revenue in the Platform Delivery market, with US$166.80bn in 2024.
China also has the highest projected user penetration rate of 52.8% in the Platform Delivery market.
Colombia's platform delivery market is flourishing due to the increasing demand for convenience and the growing popularity of online shopping.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

As the popularity of online shopping continues to grow, the Platform Delivery market in Colombia is also expanding. With the increasing demand for fast and reliable delivery services, companies are investing in technology to improve their delivery processes.

Customer preferences: Colombian customers are increasingly looking for faster delivery times and more flexible delivery options. They want to be able to track their deliveries in real-time and receive updates on their orders. Additionally, customers are becoming more environmentally conscious and are looking for eco-friendly delivery options.

Trends in the market: One of the key trends in the Platform Delivery market in Colombia is the use of technology to improve delivery processes. Companies are investing in tools such as route optimization software, real-time tracking, and automation to streamline their operations and improve delivery times. Another trend is the use of alternative delivery methods such as drones and electric vehicles to reduce carbon emissions and improve delivery times in congested urban areas.

Local special circumstances: Colombia's geography presents unique challenges for delivery companies. The country's mountainous terrain and poor road infrastructure can make it difficult to deliver packages to remote areas. Additionally, the country's high crime rate can make it challenging to ensure the safety of packages during transit.

Underlying macroeconomic factors: The Platform Delivery market in Colombia is being driven by the country's growing middle class and increasing internet penetration. As more Colombians gain access to the internet, they are becoming more comfortable with online shopping, which is driving demand for delivery services. Additionally, the country's improving economic conditions are leading to increased consumer spending, which is also contributing to the growth of the Platform Delivery market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.